Although the US economy has not undergone a genuine depression since the first part of the 20th century under Presidents Herbert Hoover and Franklin D. Roosevelt, the less severe recession has emerged numerous four times since 2000: 2001: The Dot-com bubble crash 2007-2008: The subprime mortgage banking meltdown 2020: The Covid-19 pandemic 2022: “Technical” recession ... Boring Beats Brilliant: How a Utilities ETF Has Quietly Trounced the S & P 500 in Nearly Every Recession This Century